Key Developments: Verizon Communications Inc (VZ)

VZ on New York Consolidated

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22 May 2015
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Latest Key Developments (Source: Significant Developments)

Verizon Communication Inc to acquire AOL Inc
Tuesday, 12 May 2015 07:00am EDT 

Verizon Communication Inc:Says signing of an agreement to purchase AOL Inc.Acquisition for $50 per share -- an estimated total value of about $4.4 bln.  Full Article

Verizon Communications Inc declares quarterly dividend
Friday, 6 Mar 2015 01:00pm EST 

Verizon Communications Inc:Declares a quarterly dividend of 55 cents per outstanding share, unchanged from the previous quarter.Payable on May 1 to Verizon Communications shareowners of record at the close of business on April 10.  Full Article

Fitch Affirms Verizon Communications Inc'S' IDR at 'A-'; outlook stable
Friday, 6 Feb 2015 01:19pm EST 

Verizon Communications Inc:Says that Fitch Ratings has affirmed Verizon Communications Inc.'s long-term issuer default rating (IDR) at 'A-.Rating outlook is stable.  Full Article

Frontier Communications Corp to acquire Verizon's Wireline Operations from Verizon Communications Inc
Thursday, 5 Feb 2015 04:01pm EST 

Frontier Communications Corp:Says definitive agreement with Verizon Communications Inc, under which Frontier will acquire Verizon's wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for $10.54 bln in cash.These Verizon properties include 3.7 mln voice connections, 2.2 mln broadband connections, and 1.2 mln FiOS video connections.Network being acquired is the product of substantial capital investments by Verizon and is 54 pct FiOS enabled.Subject to regulatory approval, the transaction is expected to close in the first half of 2016.  Full Article

MiCTA inks new agreement with Verizon
Thursday, 5 Feb 2015 08:30am EST 

Verizon Communications Inc:Says agreement with MiCTA which will provide state and local government agencies, K-12 schools, colleges and universities, libraries, and nonprofits with access to a broad array of advanced communications and information technology solutions.Verizon is adding services such as cloud computing, managed hosting, mobile device management and content delivery capabilities through Verizon Digital Media Services, as well as expanded network and desktop security, and professional consulting services.  Full Article

Verizon Communications Inc to pay $5 mln for problems with calls to U.S. rural areas - Reuters
Monday, 26 Jan 2015 04:52pm EST 

Verizon Communications Inc:Will pay a $2 mln fine and spend $3 mln on compliance programs to settle a government inquiry into calls not going through to some customers in rural areas, U.S. regulators said - Reuters.The Federal Communications Commission (FCC) investigated whether Verizon in 2013 failed to look into why long-distance and wireless calls were not going through to landline phones in 26 rural areas.Will spend $3 mln in the next three years to develop a system for automatic identification of rural call completion complaints, monitor call answer rates, hold workshops and sponsor an academic study on ways of detecting and resolving rural call problems.  Full Article

Verizon Communications Inc gives FY 2015 revenue outlook above analysts' estimates
Thursday, 22 Jan 2015 07:00am EST 

Verizon Communications Inc:Expects FY 2015 consolidated revenue growth of at least 4 pct.Reported operation revenue of $127.1 bln in FY 2014.FY 2015 revenue of $129.7 bln - Thomson Reuters I/B/E/S.  Full Article

Verizon Communications Inc declares quarterly dividend
Thursday, 4 Dec 2014 12:15pm EST 

Verizon Communications Inc:Declares quarterly dividend of 55 cents per outstanding share, unchanged from the previous quarter.Dividend is payable on Feb. 2, 2015, to Verizon Communications shareowners of record at close of business on Jan. 9, 2015.  Full Article

RIDE TV inks deal with Verizon Communications Inc
Wednesday, 3 Dec 2014 08:00am EST 

Verizon Communications Inc:Ride Television Network, Inc., (RIDE TV) and Verizon announces that they have reached an agreement for Verizon to distribute RIDE TV to FiOS TV customers.RIDE TV debuted on Oct. 1st, and will serve the American horse lifestyle community.It is expected to begin airing on FiOS TV in the first half of 2015.  Full Article

Property Exchange Australia chooses Verizon Communications Inc to secure online property transactions
Tuesday, 25 Nov 2014 06:12pm EST 

Verizon Communications Inc:Says the Property Exchange Australia has chosen a Verizon smart credentials identity-authentication solution to secure its new national electronic-conveyancing system.The system eliminates the need for purchasers to manually complete multiple forms, and allows Land Registries, financial institutions and practitioners to transact online together and in real time.  Full Article

Cablevision sues Verizon over commercial targeting FiOS

NEW YORK - Cablevision Systems Corp sued Verizon Communications Inc on Tuesday, seeking a judge's finding that its television commercial claiming Verizon's FiOS service does not solely use fiber optic cable is truthful.

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